Currency futures gained on Friday as the dollar fell after a downbeat jobs report raised the likelihood of a 50-bps Fed rate cut in September. However, the tides had shifted by Monday morning, and the dollar was on the front foot. Investors bought safe-haven assets, including the dollar and the yen, amid economic and geopolitical Read More…
Currency futures edged higher on Friday as the dollar eased after inflation data met expectations. Consequently, the markets are continuing to anticipate that the Federal Reserve will commence reducing borrowing rates in September. However, the markets were in turmoil as the new week started. The looming BoJ and BoE policy meetings and poor risk appetite Read More…
Currency futures fell on Friday as the dollar rose on safe-haven inflows after a cyber outage. At the same time, Fed rate-cut optimism fell, and markets focused on US economic resilience instead. A cyber outage on Friday spooked investors and had them rushing for safety in the dollar. Cybersecurity firm CrowdStrike made a software update Read More…
Currency futures rose on Friday on dollar weakness as soft consumer inflation figures overshadowed an increase in wholesale inflation. Investors focused on the higher likelihood of a Fed rate cut in September. US producer prices (Source: US Bureau of Labor Statistics) On Friday, the US Producer Price Index report revealed that inflation increased by 0.2% Read More…
Currency futures edged higher on Friday as the dollar fell after the US monthly employment report. However, some outliers, like the Canadian dollar, plunged after poor Canadian employment figures. US job market (Source: Bureau of Labor Statistics) The greenback eased on Friday when the nonfarm payrolls report revealed fewer jobs added in June. Employment increased Read More…
Currency Futures edged higher on Friday as US inflation eased in May, increasing the odds of a Fed rate cut in September. Still, most currencies ended the month lower amid economic, policy, and political changes. US inflation (Source: Bureau of Economic Analysis) Notably, the US released the core PCE report, a very significant inflation measure Read More…
